It would be nice if the price could stay up for a bit. It seems the only reason it goes up right now is so that it can slide soul-crushingly back down again.
Beginning to feel like that bear market again.
No offense, but when i read this, i had to almost compulsively think about this song, "There, there" by Radiohead. just cause you feel it, doesn't mean it's there
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I just don't see that. Banks don't need small blocks to remain necessary.
FYI, small block force a side chain solution which is centralized and that in lies the problem. I just don't understand why dynamic blocks are just not discussed, it smells of agenda. Maybe it's not an agenda, but a blind spot? I just have not found anything that gives a reasonable explanation and the Devs certainly do not have a blind spot when it comes to this. I'm probably just to stupid to actually find it. I'm convinced. Really interesting, then. |
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Hello gentlemen. How have things been going?
A country accepts bitcoin as legal tender yet the price barely moves. I would have thought this would be a rocket launching event. While we already know that fast moves upward don't usually sustain higher level prices. My sense was that we took the stairs up and the elevator down... and sure perceptions can vary. Quite nice analogy, even though we ran up parts of the stairs for some shorter periods of time. |
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I just don't see that. Banks don't need small blocks to remain necessary.
FYI, small block force a side chain solution which is centralized and that in lies the problem. I just don't understand why dynamic blocks are just not discussed, it smells of agenda. Maybe it's not an agenda, but a blind spot? |
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 What is he really talking about? And what real problems? Problems with bitcoin or problems in the real world. If he mean problems in the real world I would agree. Now for the matter of fact if not all then surely every other project starts with a problem in bitcoin and tries to solve it with their on token or coin that's a logical fallacy. To be honest haven't seen a single project which solely aiming to solve any real world problem. I remember in 2017/2018 there was one project WPR or WePower which claimed to be green energy based solution. To be honest I thought they will be building windmills or other green energy sources for public use not to run their own so called "trading platform". I'm not even sure where they stand today. Anyway solving a real-world problem and claiming to solve it are two different things. Until now we haven't seen any single such claim going through yet. I guess he was meaning real world problems, but you can put this to bitcoin as well. At least at aspects like transactional speed, usability on (many, small) endpoint devices with little computing power. There are some projects out there trying different approaches, i won't name any, so they can at least be called "serious" attempts of incorporating usage value. Several IOT solutions out there, in their early stages but with promising outlook. (EDIT: IF the developers don't mess up the security or code as itself) But it's true, Bitcoin can't solve every problem, as well as no other coin can, so that's why we have lightning, liquid and all the other little helpers coded around the original bitcoin standard (which fucktards like Roger V. and CSW claim to behold by upsizing blocksize - which is a retarded linear approach, imho), which makes sense to some extent (for me at least), while BTC, at its core is still "digital gold" for me. Doge is an exception, though, because the inventors always made no secret that it's a token-for-fun thing. But most "usecases" of various tokens are plain bullshit, imo. EDIT: And i didn't even mention the real scams in the cryptosphere! Well... right, at least two of them... |
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Hello gentlemen. How have things been going?
A country accepts bitcoin as legal tender yet the price barely moves. I would have thought this would be a rocket launching event. While we already know that fast moves upward don't usually sustain higher level prices. |
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Hello gentlemen. How have things been going?
Hey there. Things went Up and down, as usual  More down lately, though  |
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Wohoo! Got a little fiat yesterday, no use for it, transferred it to an exchange, spent it on Bitcoin today. At the exact top, of course The IMF is getting dirty, as i read on twitter today, researching legal consequences of El Salvador's switch to Bitcoin. On the other hand, spotted some talks about a Bitcoiner $1b fundraising to make the IMF obsolete for ES. Imho, the war is on. MSM trying to suppress the news, FUD and lies by governments... The very early results of ES's move will define the initial momentum and further direction of this monetary conflict. By definition, if a sovereign state declares an equity as legal tender, it has to be internationally recognized as a currency. Sorry, no links for all that information, read it up on mah smartphone loosely on twitter while on the road. |
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wise words, Gyrsur.
Stamp has almost touched the hundred below $34k already.
So tired, would like to continue observing, but sleep wins tonight.
Good'nite
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I can see lots of Buy Limit orders placed in the green zone every time we will touch this zone again. Sell Market orders must eat them if they want to break through.  Aint goin' to happen much with this low volume. |
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Is there a candle growing atm?
against bigger sell orders evenly spaced at $200 intervals.
EDIT: changed. Orders fluctuating. Movement. up or down?
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Interesting, indeed. China gave miners and traders two months time to tear down their crypto businesses, or it's going to jail for them, according to unofficial (chinese) source. I wouldn't be too surprised if the dumping goes on until two months after the chinese mining ban announcement. EDIT: China was early in the game, so 4-figures are rumored by some. Too bad i can't read chinese and my hongkong buddie is occupied by working like a dog to keep his job at his US-based business office (building). If only our local idiots could comprehend that the very fact that China is against bitcoin should be an indication for them to support bitcoin instead of harping some bs about it. China is obviously trying to replace dollar with yuan. Bitcoin is in a way as a potential alternative, so they gang up on it first. US and rest of the West and east should support bitcoin and resist yuan. Bitcoin and dollar do not really compete (not yet). They (our local idiots) don't see the bigger picture yet. China will become quite a challenge, not only for the dollar, on the other hand there are implicit counter-dynamics developing, like the upcoming fail of the one-child strategy. It will stay interesting with China, and unlike in the past, nations dealing with China better think ahead of time to not get played out. We're like a bag full of weaknesses for them, imho. Their global acting is mirroring that kind of sentiment. *Edits in boldface |
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Interesting, indeed. China gave miners and traders two months time to tear down their crypto businesses, or it's going to jail for them, according to unofficial (chinese) source. I wouldn't be too surprised if the dumping goes on until two months after the chinese mining ban announcement. EDIT: China was early in the game, so 4-figures are rumored by some. Too bad i can't read chinese and my hongkong buddie is occupied by working like a dog to keep his job at his US-based business office (building). |
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I think this is all china. Chinese whales and miners finally loading off I'm curious if this is the bottom. proudhon, don't do it |
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I really don't have time to annoy you guys anymore, have to go out in the sun and get some vitamin-D. See you in the evening.
Avoid sunglasses, it seems (according to some research material i can't find right now) that if you wear sunglasses, the skin is producing way less VitD from sunlight. Can't hurt, but beware of large reflecting surfaces, like lakes, the sea or deserts. |
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this mofo chart buddy.
stay focused  click ignore  yeh its irritating looks like the Marianas trench Very well put, it's like the junk mail in your inbox, just every hour. Merited. look, Bitcoin is working like this: the majority comes to an agreement for accepting the txs which should be included in the next block, right? same with ChartBuddy: the majority came to the agreement that ChartBuddy (again) is very welcome in this thread, right? please don't open the Pandora's Box again. did you nothing learned from the Hash Block Limit War? Minorities have rights you know. The right to click "ignore" is sufficient for me. As for the El Salvador - IMF brawl that's on the horizon: Q: How do you tell the pioneer from the infantryman after a battle? A: The pioneer is the one with the bullet(s) in the back  Ready for witnessing an epic fight. I hope it will be short and painless (for bitcoin, of course). |
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It's been over 10 years, but it's wild to finally see the confirmed end of bitcoin play out in real time. What should we do now?
Crying would not be a bad thing to do. Only real men are able to cry anytime. |
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I'm thinking that the president is moving ahead so quickly with the Bitcoin legislation that the US likely will not have time to react in time.
As governments tend to do, they will put together meetings, try to come up with their strategy, they'll make phone calls to gather information that we already know but will take them longer to figure out.
If El Salvador pulls it off in a week or so then it will happen.
If they get bogged down in the processes like the US government then it will likely be stopped.
And if it does get stopped what's the bet it dumps, even though it didn't pump on the initial announcement. no way it can be stopped. they worked 2 years on it in secret. would be a dumb move to go public and jeopardize it. EDIT: Bot software has improved.  Pulling back would surely hurt, see Tesla for a recent reference. Pushing through might work. If they just play these odds, there's only one answer. EDIT: Engaging #hodlsleep in 3... 2... 1... |
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I'm thinking that the president is moving ahead so quickly with the Bitcoin legislation that the US likely will not have time to react in time.
As governments tend to do, they will put together meetings, try to come up with their strategy, they'll make phone calls to gather information that we already know but will take them longer to figure out.
If El Salvador pulls it off in a week or so then it will happen.
If they get bogged down in the processes like the US government then it will likely be stopped.
Likely some investors putting money off the table until things are sorted out, politics wise. But what can the US do other than spread the usual FUD (money laundering and financing for terrorists) and start sanctioning ES? If Bitcoin works for ES, it might trigger an avalanche of adoption. As a poor country, what do you have to lose? Keep watching the slow grind down of your economy? It's fatal to wait in critical situations. You have to decide to move things towards a solution. And if it does get stopped what's the bet it dumps, even though it didn't pump on the initial announcement.
I think market stability is counting more than optimistic outlook. And this time it's uncertainty, because of lack of experience of how things usually turn out in a specific situation. The money will likely come in later again, anyway. |
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